The history and development of The Money Carer Foundation spans nearly 10 years now and has always been driven by our unique ability to provide pragmatic solutions to everyday problems and to represent vulnerable people in need of financial protection.
In recent years we have extended our social enterprise remit to enable other organisations that support vulnerable adults to benefit from our expertise and solutions outside of our own client base. This has been enhanced recently with the development of Care Lab (TM), our proprietary first alert software system. Care Lab has been designed to monitor customer financial transactions and to alert trusted individuals to potential instances of financial abuse or scamming attempts. Our Care Lab system not only provides greater protection for our own clients but also for the clients of other organisations, such as Solicitors for example, that access our Carers Shopping Card facility to support their own vulnerable clients and their carers.
If you strip away all the years of experience in helping people, the use of advanced financial technology to make our services and solutions affordable and widely accessible to those that need them most, you'll find a team of down to earth people who enjoy doing what they do and genuinally care about the clients that we are privileged to help.
We enjoy resolving daily money management issues and we are very good at it. Our organisations culture is based on combining common sense with a proactive approach to working with the various organisations and individuals that form our clients circle of care. We are early adopters of fintech and we utilise our expertise in this area with our partners to make life easier and more secure for our clients and their carers.
The "Money Carer" Service originally started as a pilot project in 2007 after the organisation founders were asked by a local authority if a 'Daily Money Management' service was something we would be able to launch given our specialised bill payment and financial problem solving experience.
After launching the service initially as a legal service in partnership with a law firm, The Money Carer Foundation was formed as a social enterprise in 2009 and the organisation is continuously expanding by working very closely with local authorities, charities, law firms, family members and many other organisations and people that understand the demonstrable benefit that The Money Carer Foundation can deliver.
As a not for profit social enterprise The Money Carer Foundation does not retain any shareholders. Our flat structure keeps costs down and makes decision making much simpler and nimbler. This means we can make things happen more quickly for our service user clients.
As part of our corporate governance strategy the organisation has suitable protocols and operational procedures necessary to protect the organisation and its clients accordingly. These measures include operating individual managed bank accounts in our clients names and along with account security and data protection protocols. Our clients money is protected not only via our own profesional indemnity insurance policies but in many cases bespoke surety bonds for individual clients. The management team continually review, develop and consult with regards to our governance and data protection policies as we continue to expand.
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